USD/CAD – 30M – BUYThe combination US Dollar/Canadian Dollar (USD/CAD) breaks through the descending trendline up.
A bullish movement upwards to the next resistance line at 1.369 is expected.
Caution: A possible reversal of the trend in the direction of the support line at 1.36265 could be enabled.
Consider stop-loss settings accordingly.
Next a ‘StochRSI %K line crosses above %D line’ indicator layout is detected. The indicator is ‘StochRSI %K line crosses above %D line’. which is often a bullish chart signal. The currency pair is likely to rise.
Next a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which is often a bullish chart scenario. The currency pair could go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.37525 |
| 2nd High | 1.36996 |
| Next High | 1.369 |
| Current Price | 1.36690 |
| Next Low | 1.36265 |
| 2nd Low | 1.36247 |
| 3rd Low | 1.36031 |
1.369 – 1.36996 – 1.37525 – 1.36265 – 1.36438 – 1.36529 —
1.36562 – 1.36538 —
52.155579001596 – 45.221850035263 —
– —
1.369 – 1772640000
Trading Signals: FOREX – USD – USD/CAD – CAD – – – – – – – – – –